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What is the News?
Indian Prime Minister will participate in the Outreach Sessions of the G7 Summit in virtual format.
What is G7?
- The G7 (Group of Seven) is an organisation of the world’s seven largest so-called advanced economies. They are Canada, France, Germany, Italy, Japan, the UK and the United States.
- The European Union is also represented within the G7.
- Russia joined the Group in 1998 creating the G8 but was excluded in 2014 for its takeover of Crimea.
- The group meets annually to discuss issues such as global economic governance, international security and energy policy.
- The group does not have a formal constitution or a fixed headquarters. The decisions taken by leaders during annual summits are non-binding.
Why is the G7 summit in the UK?
- The UK is holding the G7 presidency for 2021, so this is where the summit is taking place.
- Guest Countries: India along with Australia, the Republic of Korea and South Africa are guest countries for the Summit.
- Theme: The theme for the summit is ‘Build Back Better’
- Priority Areas: The UK has outlined four priority areas for its summit. These are
- Leading the global recovery from coronavirus while Restrengthening resilience against future pandemics;
- Promoting future prosperity by championing free and fair trade;
- Tackling climate change and preserving the planet’s biodiversity; and
- Championing shared values and open societies.
Is India attending it for the first time?
- Since 2014, this is the second time Indian PM will be participating in a G7 meeting.
- India had been invited by the G7 French Presidency in 2019 to the Biarritz Summit as a “Goodwill Partner”.
- During the earlier Prime Minister Manmohan Singh’s rule, India attended the G8 summit five times.
Read Also :-“G7 Foreign Ministers Summit” Held
Source: Indian Express
